Category: Business

The United States has charged two Russian nationals in the hack of collapsed cryptocurrency exchange Mt. Gox, one of the world’s earliest, biggest and most widely publicized alleged bitcoin heists. The department in a statement said Alexey Bilyuchenko, 43, and Aleksandr Verner, 29, were charged with conspiring to launder approximately 647,000 bitcoins from their hack […]

 Germany plans to buy Israel’s Arrow-3 missile defense system for almost 4 billion euros ($4.30 billion) in total and will ask lawmakers to release advance payments of up to 560 million euros next week, according to documents seen by Reuters on Friday. The Arrow-3 is designed to intercept ballistic missiles outside of the Earth’s atmosphere. […]

A new research report on banking in the Arab sector indicated that there’s less competition in the provision of services to the Arab sector, compared to the Jewish sector. The report, which was published by the Competition Authority for public comment on May 15 for the first time, shows that the study identified a significantly […]

Daily US sign-ups for Netflix have jumped in the first few days after the streaming giant’s password-sharing crackdown came into effect on May 23, data from research firm Antenna showed. The news sent shares of the company up 2.3% to $418.92 in early trading. What happened to ‘love is sharing a password?’ Looking for new […]

The United States and five of its allies on Friday condemned the use of trade practices that amount to economic coercion in a joint declaration that did not single out other countries but appeared to be aimed at China. Australia, Britain, Canada, Japan, and New Zealand jointly released the statement with the United States, emphasizing […]

An investigation by the Wall Street Journal in collaboration with external researchers from Stanford University and the University of Massachusetts Amherst revealed that Instagram had operated a “wide network” of accounts dedicated to pedophilic content. Unlike forums and file-sharing services where illegal content distributors typically hide, Instragm’s algorithm actively promoted such content. The company acknowledged […]

The northern complex in the Tel Aviv Park project is being carried out by The Donitz-Elad construction group and is one of the largest urban renewal projects in the central region as a whole, and in Tel Aviv in particular.  The northern complex, located in the new Tel Aviv Park district in the southeastern part […]

AI-enabled retail-tech company Onebeat has secured an additional $10 million in funding to fuel the expansion of its highly-adaptive retail platform, enhance its business operations, and facilitate new business growth. The Series B financing round was led by Magenta Venture Partners, with participation from existing and new investors including AnD Ventures, INcapital Ventures, J-Ventures, Surround […]

Teva Pharmaceutical Industries TEVA.TA on Wednesday agreed to pay Nevada $193 million to settle claims that its marketing practices fueled opioid addiction, the state announced. Nevada was one of two states, along with New Mexico, that did not join a $4.35 billion nationwide settlement with the Israel-based drugmaker last year. New Mexico has also since […]

The creator of one of gaming’s most iconic characters has found himself behind bars. Yuji Naka, the creator of Sonic the Hedgehog, was arrested in Japan last November after being accused of insider trading at Square Enix, where he was working since 2018. Back in March 2023, Naka pled guilty and this week, he was […]